The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the September 2024 quarter. 

Total superannuation assets increased by 3.7 per cent over the quarter to reach $4.1 trillion as at September 2024, of which $2.8 trillion are in APRA-regulated funds. 

Total contributions increased by 13.1 per cent to $191.3 billion in the year ending in September 2024. Of this, employer contributions increased by 11.4 per cent over the year to $140.8 billion. Member contributions increased by 18.1 per cent over the year to $50.5 billion.

Benefit payments increased by 11.4 per cent to $119.9 billion in the year ending in September 2024. This increase was the result of lump sum payments rising by 4.9 per cent to $65.1 billion and pension payments increasing by 20.3 per cent to $54.8 billion.

Copies of the publication are available on APRA’s website at: Quarterly superannuation statistics

 

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